Zynga (Nasdaq: ZNGA) priced its much-anticipated IPO after the close Thursday at $10 per share, the top of the expected $8.50-$10 range. The company is offering 100 million shares.

Shares of the social gaming company will open on the NASDAQ Global Select Market Friday under the symbol "ZNGA."

The offering is being led by Morgan Stanley and Goldman Sachs.

Zynga will have approximately 700 million shares outstanding after the offering, giving the company a valuation of $7 billion.

Zynga is the leading social game developer with 227 million average monthly active users.

From 2008 to 2010, Zynga's revenue increased from $19.4 million to $597.5 million, bookings increased from $35.9 million to $838.9 million, and they went from a net loss of $22.1 million to net income of $90.6 million and adjusted EBITDA increased from $4.5 million to $392.7 million. For the nine months ended September 30, 2011, revenue was $828.9 million, bookings were $849.0 million, net income was $30.7 million and adjusted EBITDA was $235.5 million.